Petro Vista Energy has reached TD at its Noellia #1 (the first of several planned wells) recently drilled in the Lower Magdalena Valley Basin Colombia, La Maye Block. The well encountered several oil and gas shows and has been cased for future testing. The Company holds a 25% participating interest in the block.
The well was drilled over 31 days to a total depth of 3,341 feet into basement. The top of the prospective Cienega de Oro Cicuco Limestone was encountered at 3,290 feet measured depth, 82 feet high to our prognosis.
Read Taylor, President of Petro Vista, stated, "Although it's still early in the evaluation process we are seeing that the hydrocarbon system is working for both gas and oil and potentially multiple reservoirs and play types may exist in the La Maye block along this proven arch."
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Petro Vista Energy Corp.
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